IMO, the following batches of news due in Q1 2012 will act as a stimulus for a re-rating of NMR:
1. Latest batch of drilling results and potential expansion to 4.3BT inferred resource.
2. Scoping study results
3. Botswana govt plans re new rail link which will potentially bring export markets into play as a means of extracting value from the massive resource that NMR have.
As mentioned in numerour posts previously, NMR is considerably undervalued relative to its peers (most relevantly AFR) and it would seem that a re-rating is due.
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Mkt cap ! $169.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.0¢ | $309.5K | 1.618M |
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| NMR (ASX) Chart |